Financial Independence Failures

I think the biggest problem facing the financial independence/retire early community is lack of proof of concept. There are many people out there talking about early retirement, but very few who have the longevity to prove that their calculations are correct.

It’s one thing to intellectually know that the math works, and yet another to see success over and over again. The only stories more rare than long-term FI success are financial independence failures. There are probably some good reasons for this.

From The Financial Journeyman … “While my wife likes to tell people that I am cheap, I am just frugal. When I do spend money, I seek out value. I want the best quality product at the lowest price. In the past, there have been times when I bought the lowest priced product, but the quality was not […]

The FIRE Movement What is FIRE and how does it work? In the world of personal finance, FIRE stands for Financial Independence Retired Early, or some variation thereof and there is a growing movement behind this concept. Within the FIRE Movement, one is considered to be FIRE, or FIRE’d, when their living expenses can be […]

From FI Heroes … Since we have started talking about our plans to FIRE we have heard one comment time and time again. And that comment is; “Wow! You are so lucky. I wish I was that lucky.” It’s a seemingly harmless comment but it’s a comment that always throws me for a loop because […]

From Money Buffalo … I don’t watch the national news channels, it doesn’t matter if it’s CNN or Fox News. The reason why is because the glass is either half full or half empty depending on the day. This doesn’t mean I live in a cave, but I have been spending time thinking about how […]

From Route to Retire … Early retirement planning. You’d think the closer we get to our FIRE date, the simpler things would become. The majority of our wealth is currently in my 401(k) plan – just over $700,000. We also have a little over $100,000 in a traditional IRA that we rolled over from my wife’s […]

From Two Cup House … The steps to debt freedom are clear: decrease spending, increase income, and put the difference toward debt. Get our 13 tips for living totally debt free and mortgage free. 13 Tips to Live Totally Debt Free & Mortgage Free | Two Cup House Related

From How Much Time At Work … It’s payday! The best kind of day. It’s that magical day when you realize why you went to work so much the past two weeks. The big question: how are you going to spend it? If you’re like many people across the world, you online shop for cool […]

From The Wealth Hound… “FIRE (Financial Independence, Retire Early) is a catchy acronym and social movement that promotes financial security and retirement earlier than the traditional age of 65. Over the past few years, the FIRE Movement has grown in popularity and has attracted a substantial number of new followers. Members of the FIRE Movement […]

From Chief Mom Officer … Ever talk with someone about retirement, and hear that they’re going to need to work until they’re 70? Or that they’ll have to keep working forever? Even though a lot of folks in the financial media will tell you to delay retirement until 70, there’s a good reason to plan […]